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The US recovery from the recession has stalled and Congress seems not to have noticed. Maybe you noticed, because you’re one of the unemployed. If so, it’s doubtless cold comfort for you to know there are more than 13.9 million other men and women in the same dump.
Almost half the unemployed have been looking for a job for more than six
months, and about a third have been looking for work for more than a year. And if you’ve been looking for more than a year, the chances are you’ll be among the last to be hired. That’s the way it goes in today’s cruel labor market. Because so many workers are idle, employers can pick an choose and they prefer workers whose skills haven’t gotten rusty.
Meanwhile, the Republican dominated House of Representatives is calling loudly for cuts in government spending and in taxes. This is the same Republican party that took over the House a few months ago, saying that “Jobs! Jobs! Jobs!” were their top priority. It’s strange that lawmakers who say they want to provide jobs should be crying to amputate the federal budget and slash taxes. In fact, it’s bizarre, because doing that will bring not jobs but more unemployment while at the same time reducing the ability of the government to provide for the unemployed.
Municipalities and states cannot perform the kind of deficit spending carried out by the federal government. As a consequence, the recession has compelled cities and states to lay off workers – clerks, firemen, policemen, engineers, school teachers, and so forth. To immediately slash federal spending means that the US would reduce the already reduced flow of money to the already impoverished states, and at the same time fire US government workers, adding even more to the number of unemployed. (more…)